IS Silver slowly starting a comeback??

C

centenario

New Member
OK maybe I'm being bullish about it but
I've been looking daily at the fixing of silver and today it was expected to keep droping further away from 20usd yet it didn't drop any further and stayed very close to 20usd.
compared to gold today silver had better gains and the markets did great today so i see this as a sign that silver is not going further down and it might as well rise a lot in price!:cool:
 
centenario said:
OK maybe I'm being bullish about it but
I've been looking daily at the fixing of silver and today it was expected to keep droping further away from 20usd yet it didn't drop any further and stayed very close to 20usd.
compared to gold today silver had better gains and the markets did great today so i see this as a sign that silver is not going further down and it might as well rise a lot in price!:cool:
Click to expand...

We have been in a $19.00-20.50 trading range since around mid November.
 
I don't know.
It depends on all of us.
I saw the Comex position trend of steadily higher position at a given current price, showing some
interruptions.
I saw alot people selling entire stacks.
I decided to not wait further for the projected $17 and bought some. Same spot $19.5 but there was a dealer that dropped his premium and there was a (now former heh) silver stacker that agreed with a lower price (13 instead of 14) than others.
Dunno which side will have made the good decision.
That's something Mr Hindsight knows.
In some past occasions when I saw alot selling, the price dropped further. But the Comex silver position wasn't that long that low. The highest we saw during the past year was 25000, in 3 shortliving moments. Most of the time just 20000 and even a historical low of 4000. Even in the 2008 crash is just shortly hit the 20000 as a bottom. So apparently, they don't consider the $19.5 price as a big risk.
By the time we might see $17, I'll probably have again some fiatcrap saved to get rid of.
 
Then I sure hope from what i see that we are in the lows!
I think gold is not going under $1,200 and silver is not going under $19. It can happen but it would be unlikely.
 
I'm loving these low dips, great time to build the stack. Only time to be negative about it, is once your through buying.
 
^ Yes, apparently this appears to be the case...but still it's a good idea to do as JP Morgan is doing....buying physical when it's down on its knees.



.
 
With a strengthening us econemy, if this area is the low, I am expecting it to hang here for years. I think the aussie dollar will move the price more.
 
BiGs said:
With a strengthening us econemy, if this area is the low, I am expecting it to hang here for years. I think the aussie dollar will move the price more.
Click to expand...

I agree

< ----------- SIDEWAYS ----------- >
 
Hopefully USD $19.80 to $20 is the new support level.

And one that isn't breached again as long as I breathe :)

But ... who knows.
 
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